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    Hwy Panacea, FL 32346

    For Sale
    $30,000

    Prime .22-acre lot, 70ft highway frontage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional .22-acre commercial lot presents a remarkable opportunity for entrepreneurs seeking high visibility. Located on the bustling Coastal Highway in Panacea, Florida, this property boasts an impressive 70 feet of highway frontage, ensuring maximum exposure for any business. The lot's approximate depth of 160 feet provides ample space for construction, making it ideal for a variety of commercial ventures. Its strategic location on a busy thoroughfare guarantees significant traffic flow, translating to increased customer reach and potential for success. The asking price of $30,000 represents an attractive investment in a prime location with significant development potential. This property is zoned for general commercial use, offering flexibility for a wide range of business types. Don't miss this chance to secure a highly visible and strategically located commercial lot in a growing area. Act quickly, as opportunities like this are rare. The property is ready for immediate development, allowing for a swift transition from purchase to operation. This is an exceptional opportunity to establish a thriving business in a desirable location.

    Property Features for Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,583 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3879
    Latitude
    29.9936

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    FAQs

    What type of property is this?
    Commercial real estate - Prime .22-acre lot, 70ft highway frontage.
    Where is this commercial real estate located?
    The property is located at Hwy Panacea, FL.
    What is the asking price?
    The asking price for this property is $30,000.
    (850) 926-9100
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    Hwy Panacea, FL 32346
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hwy Panacea, FL 32346
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